Brian E. Anderson - 23 May 2023 Form 4 Insider Report for BELDEN INC. (BDC)

Role: SVP, Legal, GC and Corp. Sec.
Signature: /s/ Brian E. Anderson
Issuer symbol: BDC
Transactions as of: 23 May 2023
Net transactions value: -$2,601
Form type: 4
Filing time: 24 May 2023, 17:40:01 UTC
Previous filing: 09 Mar 2023
Next filing: 06 Jul 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BDC	Common Stock	Options Exercise	$31,495	+434	+1.1%	$72.57	41,571	23 May 2023	Direct
transaction	BDC	Common Stock	Disposed to Issuer	$34,097	-399	-0.96%	$85.46	41,172	23 May 2023	Direct	F1
transaction	BDC	Common Stock	Tax liability	$0	-4,940	-12%	$0.000000	36,232	23 May 2023	Direct	F2
holding	BDC	Common Stock						712	23 May 2023	By 401(k) Plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BDC	Stock Appreciation Rights	Options Exercise	$0	-434	-100%	$0.000000^*	0	23 May 2023	Common Stock	434	$72.57	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This represents the difference between the number of SARs exercised (434) and the number of shares issued as a result of the exercise (35). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($85.455) and the exercise price ($72.57). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
F2	Shares withheld for tax purposes related to May 23, 2019 restricted stock unit grant that vested on May 23, 2023.
F3	Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.